Important : Rbi Released ₹2,000 Banking Concern Notes

The Reserve Bank of Republic of Republic of India (RBI) has of late completed preparations for introducing this novel high-value currency. The Banknotes of the denomination of ₹2,000 will last inward circulation soon. The notes bring already been printed, too their despatch from the currency printing press inward Mysuru has commenced.  So shortly yous volition observe yourself transacting alongside this high value currency. The motion assumes significance inward the wake of a quest from to a greater extent than or less quarters that notes of ₹1,000 too ₹500 denominations last withdrawn to foreclose hoarding of dark money.

Important Points to Note :
  • The highest denomination regime notation printed past times the RBI was the ₹10,000 regime notation inward 1938 too inward 1954. 
    • They were demonetised inward 1946 too 1978, respectively.
  • It costs a petty over ₹3 to create a ₹1,000 note, the lowest inward damage printing costs every bit a proportion of value. 
    • Printing notes of smaller denominations is relatively to a greater extent than costly.
  • As of March 2016, the value of banknotes inward circulation was ₹16,41,500 lakh crore, an increase of 14.9 per cent over the previous year.
  • In value terms, ₹500 too ₹1,000 notes together accounted for 86.4 per cent of the full value of notes inward circulation.
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